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The Indian market is expected to open flat-to-higher on Friday tracking muted trend seen in other Asian markets.

After a stunning rally in the global equity market over the past two days, stocks collectively took a breather ahead of the weekend. US Stocks traded range bound overnight weighed down by an abrupt halt to the rally in oil prices, which failed to hold on to the crucial $50 mark. The Dow Jones ended 23.22 points lower.

The most awaited speech since the US Federal Reserve's FOMC meeting way back in April, the Fed chief will speak at Massachusetts on Friday night as investors look on for clues to a rate hike.
Power Grid: The state-run company posted a 13.2 per cent jump in standalone net profit at Rs 1,599.05 crore for the March quarter on higher revenues from power transmission business.

Jet Airways: Jet Airways posted its first annual net profit after eight years and its fourth straight quarterly net profit helped by lower fuel expenses and its own cost control measures.

ONGC: Oil and Natural Gas Corporation's fourth quarter profit jumped 12% mainly on reversal of impairment loss as well as lower provisioning for dry wells.

Deepak Fertilisers: The company reported a 5 per cent decline in net profit at Rs 25.92 crore for the fourth quarter of 2015-16 financial year.

SBI - State Bank of India is going to post Q4 results today.
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SBI hits two-year high as Q4 results beat forecast
Updated on 19 May 2017
Shares of State Bank of India (SBI)  moved higher by 3.6% to Rs 314, its highest level since March 4, 2015 on BSE, after the state-owned bank reported a better than expected results for the fourth quarter ended March 2017 (Q4FY17).

The bank more than doubled its standalone net profit at Rs 2,815 crore in Q4FY17 against Rs 1,264 crore in the same quarter last fiscal.

Net interest income (interest earned minus interest expended) rose 17% to Rs 18,071 crore in Q4FY17, as compared to Rs 15,401 crore in the corresponding quarter of previous year.

Analysts on an average had expected a profit of Rs 2,754 crore and net interest income of Rs 15,025 crore for the quarter.

The bank’s asset quality improved sequentially as well as on yearly basis.
The gross non-performing assets (NPAs) as percentage of total advances in Q4FY17 came in at 6.90%, as compared to 7.23% in Q3FY17 quarter and 6.50% in Q4FY16.

Net NPA ratio stood 3.71%, as compared with 4.24% in the third quarter. It was 3.81% in previous year quarter.

The central board of the bank has declared a dividend of Rs 2.60 per share (260%) for the financial year ended March 31, 2017.